FRENCH MONEY.

Auckland Star, Volume LXIV, Issue 100, 1 May 1933, Page 7

FRENCH MONEY.

. BURIED IN GROUND. i People Lose Confidence in Their Banks. , REFUSAL TO PAY TAXES. ) (United P.A.—Electric Telegraph—Copyright) (Received 10 a.m.) LONDON, April 30. The Paris correspondent of the » "Sunday Express" says France is in . a precarious position. The people , are evading payment of taxes and 3 have lost confidence in their banks, . while British banks are thronged ; "with French depositors. French farmers bury their money, 1 says the correspondent, and it is estimated that £100,000,000 are lying user less in orchards and vineyards, and that . more, millions are deposited in houset hold safes. Yet France is obliged to > borrow in England. 1 Exporters wish France was off the ■ gold standard, but the Government is not willing to part with the last shilling of it's prestige. » Another message from Paris quotes > the newspaper "Figaro" as saying France is in the hands of the English. It criticises the London bankers' loan. M. Paid Reynaud, ex-Ministcr of Finance, regards the loan as a bad piece of news for those who flattered them- . selves that the financial influence of France was a factor in making peace. The Government was merely postponing ' the day of reckoning.